Skip to content
|Loading...
Share Gyan home
EBook

Local IPO Subscription for Mount Everest Power Ends Today

Residents of the project-affected areas in Solukhumbu have until the close of business today to apply for the Initial Public Offering (IPO) of Mount Everest Power Development Limited.

Published By Share Gyan
Local IPO Subscription for Mount Everest Power Ends Today

Mount Everest Power Development Limited is currently in the final stages of its local IPO, with today, May 14, 2026, serving as the absolute deadline for applications from project-affected residents of Solukhumbu. The company is offering 860,000 units of ordinary shares to the local community, a portion of its broader 30% capital issuance plan. The 12 MW Dudhkunda Khola Hydropower Project, which underpins this investment, has been constructed at a total cost of approximately NPR 2.37 billion. With an estimated payback period of 6.40 years and a remaining project life of over 28 years, the project presents a long-term investment profile for the local populace. The offering has been rated 'CARE-NP BB+' by Care Ratings Nepal, reflecting a balanced risk profile regarding debt servicing capabilities. Investors are reminded that NIMB Ace Capital Limited is managing the issue and all applications must be submitted via C-ASBA approved channels before banking hours conclude today.

Related News

Ashutosh Energy Receives SEBON Approval to Issue 1.2 Million IPO Shares

The Securities Board of Nepal (SEBON) has approved Ashutosh Energy Limited to issue 1.2 million ordinary shares at a face value of Rs. 100 per share, paving the way for the company's initial public offering (IPO).

Egypt Raises Over $650 Million from Bank of Cairo’s Record-Breaking IPO

Egypt has raised more than $650 million by selling a 45% stake in Bank of Cairo through an Initial Public Offering (IPO), marking the largest IPO in the history of the Egyptian stock market, according to the government.

Him Parbat Hydropower IPO Opens Today for Project-Affected Locals and Nepalis Abroad

Him Parbat Hydropower Limited has opened its IPO for project-affected local residents of Dolakha and Nepalis working abroad, offering shares at a face value of Rs. 100 per share.

Beni Hydropower Makes Stock Market Debut at Rs 273 per Share

Beni Hydropower Project Limited (BENH) recorded its first share transaction at Rs 273 per share during Thursday’s special pre-open session on the Nepal Stock Exchange (NEPSE). The company’s shares became eligible for regular market trading following the successful opening transaction.

Him Parbet Hydropower to Open IPO for Locals and Nepalis Working Abroad

Him Parbet Hydropower Limited will open its IPO on Kartik 11 for project-affected residents of Dolakha and Nepalis working abroad, offering shares at a face value of Rs. 100 each.

Doleshwor Village Resort Proposes IPO of 16.20 Lakh Shares

Doleshwor Village Resort and Farm House Limited has proposed issuing 16.20 lakh ordinary shares, representing 30% of its issued capital, to the general public.

Companies in This News